Daily Summary - 19 Nov 2012

YOUR MORNING COFFEE – Monday 19/11/2012

SUMMARY

• Wall St closed 0.4% higher, on positive comments from lawmakers on the fiscal cliff negotiations but remained cautious ahead of an actual deal.
• Dow of 12,588, is on a support at 12,398. RSI of 28, is oversold.
• DOLLAR INDEX is higher at 81.1. Resistance is at 82.0.
• Crude oil is higher at USD86.6. Support is at 82.2.
• Dollar yen is higher at 81.5 yen. Resistance is at 81.8.
• Euro/dollar is lower at 1.276. Support is at 1.2700.
• Gold is higher at USD1717. Support is at 1643.
• Shanghai closed lower at 2,014.
• Singapore STI closed lower at 2,945.
• Ringgit is weaker at 3.071. Downside is at 3.09.
• S’pore ringgit is lower at 2.501. Upside is at 2.540.
• Malaysian market closed lower at 1629. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1624. RSI of 30, is oversold. Today’s range is between 1626 and 1636.
• CPO Jan futures is lower at RM2396. Resistance is at 2630.
• Trading :

Source:Jupiter Securities Research, 19 November 2012